Home / Knowledge / News / Textiles / Cotton prices continued their decline in Oct - Cotlook A Index
Cotton prices continued their decline in Oct - Cotlook A Index
Nov '08
Cotton prices continued to decline in October. The Cotlook A Index has decreased continuously since the beginning of the season, and is now 29% lower than it was in early August 2008.

Global cotton mill use is projected to decline by 3% in 2008/09, to 25.5 million tons. In particular, mill use in China (Mainland) is expected to decline by 4% to 10.5 million tons due to rising costs of production, the strength of the yuan against the U.S. dollar, and slowing demand from textile importing countries.

World cotton production is expected to decline by 6% in 2008/09, to 24.7 million tons, due mainly to competition from alternative crops. The production drop is driven by the United States, but the 2008/09 crops are also expected to be smaller in Turkey, Brazil and Egypt. Cotton production is projected to increase in India, Pakistan and Australia.

Due to declining mill use, world cotton imports are now forecast to decline by 6% in 2008/09, to 7.8 million tons. Imports by China (Mainland) are expected to decrease by 10% to 2.3 million tons.

The ICAC Price Model 2007 forecasts the 2008/09 season-average Cotlook A Index at 73 cents per pound. However, the Secretariat believes that the 2008/09 season-average Cotlook A Index may actually be in the lower half of the 95% confidence interval, between 64 and 73 cents per pound.

The International Cotton Advisory Committee is an association of governments of cotton producing and consuming countries. The Secretariat of the Committee publishes information related to world cotton production, supply, demand and prices, and provides technical information on cotton production technology.

International Cotton Advisory Committee

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search